This lecture covers advanced topics in international economics with a special emphasis on the activity of multinational firms. Topics include the role of multinational firms in the global economy, in particular the determinants and effects of multinational foreign activities, and the effect of international outsourcing on industrial development.
This course will provide students with the analytical tools that are essential to understand the process of globalization through the international trade in goods. Lectures will focus on the key topics that are at the center of the policy debate: why do countries open to trade? What are the effects of free trade on the process of economic development and inequality? Why do countries restrict the exchange of goods, and what can we say about the effects of protectionism on trade and welfare? At the end of the course, students are expected to have a good knowledge of the mechanisms and predictions from the traditional models of trade, and from the New Trade Theory. Students will also be able to read research articles that can be used for the writing of policy notes.